OKX snags European payments license for stablecoin and crypto card expansion

The Payments Institution license, gained in Malta, aligns the exchange with European Union regulatory requirements that take effect in March 2026. What to know : The payments institution (PI) license brings OKX into compliance with the Markets in Crypto-Assets (MiCA) regulation and the Second Payment Services Directive (PSD2). Crypto firms conducting payments with stablecoins, which are legally classified as electronic money tokens (EMTs), must hold a PI or electronic money institution (EMI) authorization.